MIAMI — Swire Properties has acquired the Florida headquarters of Northern Trust Bank, located at 700 Brickell Ave. in Miami, for approximately $64 million. The developer plans to incorporate the 1.55-acre site into Brickell CityCentre, its $1 billion mixed-use development, which is under construction adjacent to the property. Phase I of Brickell CityCentre will include a luxury shopping center, two residential towers, a hotel, a wellness center and Class A office space. Northern Trust Bank plans to relocate its headquarters to 600 Brickell Ave., where it will be the anchor tenant and operate a branch on the ground floor. Steelbridge Real Estate Services and CB Richard Ellis represented the sellers, The Northern Trust Company and the Co-Trustees of the Marjorie O. Brickell Revocable Trust, in the deal.
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